The purpose of this year’s Budget is to rebalance Singapore society and ensure that more benefits flow to those who will be hit hardest by inflationary pressures, says one guest on the Heart of the Matter podcast.
necessary to tide over this period of inflation. But for higher-income consumers, it's not going to do that.’’Dawn Cher: “It's no longer surprising to see women earning more than the men. So, this new change to go towards a fixed amount instead of a percentage , disadvantages high-income mums.”
Walter Theseira: “The purpose of rebalancing all of this, I think, has been to try to ensure that more of the benefits flow to more like theDawn Cher : “I'm not going to have any kids. Really, it doesn't make a difference . But I can see how it really helps a lot of people.Kurt Wee: “People don't have babies every year. I think it's still manageable . SME bosses ... have to make some of these accommodations, especially in times when the labour market is very tight.
Walter Theseira: “Ultimately, there's this broader issue ... Do people feel that having children is worthwhile in Singapore? That is quite a complex issue, because one of the big things people bring up is societal stress, competitiveness.” It really goes down to the way Singaporeans think about what a good life for their children is and you can't subsidise your way out of that.Kurt Wee: “If you look at the Budget, it looks like a lot of funds and handouts to companies. But in reality, a lot of it is tied back to fundamentals of. Companies shouldn't build a business around government schemes. When there's a scheme to support certain facets, that's good, then there's a trampoline effect.
Dawn Cher:"What I took away from this Budget is that there's a lot more given to help the low-income and middle-income . A lot of the complaints typically come from people who don't get these benefits, but it's precisely because you don't need these benefits that you're not getting them."
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